Vident Advisory LLC Acquires 95,905 Shares of CAE Inc. (NYSE:CAE)

Vident Advisory LLC increased its holdings in shares of CAE Inc. (NYSE:CAE - Free Report) TSE: CAE by 34.4% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 374,393 shares of the aerospace company's stock after purchasing an additional 95,905 shares during the period. Vident Advisory LLC owned 0.12% of CAE worth $9,502,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Two Sigma Advisers LP boosted its stake in shares of CAE by 212.1% during the fourth quarter. Two Sigma Advisers LP now owns 176,000 shares of the aerospace company's stock valued at $4,467,000 after purchasing an additional 119,600 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of CAE by 255.7% during the fourth quarter. Two Sigma Investments LP now owns 525,150 shares of the aerospace company's stock valued at $13,328,000 after purchasing an additional 377,499 shares in the last quarter. Select Equity Group L.P. boosted its stake in shares of CAE by 427.1% during the fourth quarter. Select Equity Group L.P. now owns 6,741,514 shares of the aerospace company's stock valued at $171,093,000 after purchasing an additional 5,462,455 shares in the last quarter. Shell Asset Management Co. boosted its stake in shares of CAE by 10.6% during the fourth quarter. Shell Asset Management Co. now owns 51,220 shares of the aerospace company's stock valued at $1,299,000 after purchasing an additional 4,900 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its stake in shares of CAE by 175.6% during the fourth quarter. Quantinno Capital Management LP now owns 51,653 shares of the aerospace company's stock valued at $1,311,000 after purchasing an additional 32,913 shares in the last quarter. 67.36% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Scotiabank upgraded shares of CAE from a "sector perform" rating to a "sector outperform" rating in a research note on Thursday, May 15th. Royal Bank of Canada reissued an "outperform" rating and set a $43.00 target price on shares of CAE in a research report on Wednesday, March 12th. National Bank Financial raised shares of CAE from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 6th. Jefferies Financial Group decreased their target price on shares of CAE from $28.00 to $27.00 and set a "hold" rating for the company in a research report on Friday. Finally, BMO Capital Markets reissued an "outperform" rating on shares of CAE in a research report on Wednesday, May 14th. Eight investment analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $34.00.

CAE Trading Up 0.3%

NYSE CAE opened at $25.45 on Tuesday. The company has a fifty day simple moving average of $24.26 and a two-hundred day simple moving average of $23.83. The stock has a market cap of $8.15 billion, a P/E ratio of -48.94, a P/E/G ratio of 1.94 and a beta of 1.26. CAE Inc. has a 12-month low of $15.95 and a 12-month high of $27.62. The company has a current ratio of 0.86, a quick ratio of 0.63 and a debt-to-equity ratio of 0.70.

CAE (NYSE:CAE - Get Free Report) TSE: CAE last posted its quarterly earnings results on Tuesday, May 13th. The aerospace company reported $0.33 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.01. The business had revenue of $886.20 million during the quarter, compared to analysts' expectations of $1.30 billion. CAE had a negative net margin of 4.96% and a positive return on equity of 6.11%. The business's quarterly revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the company posted $0.37 earnings per share. On average, analysts forecast that CAE Inc. will post 0.83 earnings per share for the current year.

CAE Company Profile

CAE Inc, together with its subsidiaries, provides simulation training and critical operations support solutions in Canada, the United States, the United Kingdom, Europe, Asia, the Oceania, Africa, and Rest of the Americas. It operates through two segments, Civil Aviation; and Defense and Security. The Civil Aviation segment offers training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; a range of flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions.

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